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6. The Role of Education in Raising the Efficiency of Human Resources use in Azerbaijan

Author

Namazova, Natavan and Namazova, Natavan

Abstract

Azerbaijan is currently experiencing improvements in its economic development model. Today, the vast majority of economic reforms have been completed in our country. The article considers investigated adequate mechanisms and identified directions of the use of human resources in the country in socio-economic challenges of the modern era. There were analyzed organizational and economic mechanisms of the search process of the reforms in education, raising the level of education, implementation of measures to form a modern vocational education system, the increasing investment which focuses on human development, adequate mechanisms of human capital development at the level of modern requirements. As one of the most noticeable areas of the modern era, it is the qualitative improvement the use of human resources in working places and working conditions. The article also includes the assessment of such factors.

Published
2021

9. Analysis of Cyclicality in the Azerbaijan Economy: Results of the Chi-Square Test.

Author

Niftiyev, Ibrahim and Namazova, Natavan

Subjects
CHI-squared test, ECONOMIC indicators, ECONOMIC expansion, BALANCE of trade, FOREIGN investments, GOODNESS-of-fit tests, TIME series analysis
Abstract

This study investigates the cyclical association between gross domestic product (GDP), monetary variables, international trade and foreign directed investments (FDI), and annual average oil prices (BRENT trademark) as explanatory variables in the Azerbaijan economy. The research methodology utilized a chi-square test of independence and goodness of fit test. The crosstabulation analysis used the nominal variables "increased" and "decreased" years, which refer to the transformation of the time series, mainly between 1991 and 2019. The results of the independence test demonstrated a statistically significant association between GDP, GDP per capita in current prices, international trade, FDI, and oil prices. However, the monetary indicators of economic growth, real GDP variables, and trade balance did not exhibit the same pattern. The results of the goodness of fit test showed a non-random deviation from the expected increased and decreased year in terms of GDP indicators and imports. This research is topical in light of the sharp oil price slump of 2020, which is reminiscent of the 2014-2015 downturn in commodity prices. [ABSTRACT FROM AUTHOR]

Published
2020

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